Beyond Tesla: Best Bets for the Next Trillion Dollar Companies

JPMorgan (JPM)

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JPMorgan (NYSE:JPM) boasts a market cap above $400 billion and a P/E of 10. While the P/E ratio is lower than Broadcom’s, a lower P/E is expected in the banking industry. JPMorgan has a solid business model with profit margins above 30% and a dividend yield approaching 3%.

Although it has the potential to become a trillion dollar company, investors may have to wait over a decade to see it happen.

A PEG ratio near 3 and weaknesses in the banking and lending industries can make the bank’s path to a trillion dollar market cap more difficult. However, it is the largest bank by market cap and is almost halfway to a $1 trillion valuation.

Recent banking jitters led by the collapse of Silicon Valley Bank are fresh on investors’ minds. While the news is a reason for concern for regional banks, large banks like

JPMorgan can benefit from the banking woes as people decide to put their money into household names. It will take a long time for JPMorgan to join the trillion dollar club, but you get to enjoy the dividend along the way.